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Elliott Wave Analysis: EURUSD Breaking Higher, Approaching 1.2EURUSD has turned up in the last two weeks; it broke above the channel resistance line that normally confirms a previously completed move; in our case that was finished a-b-c decline from September high. As such, it seems that wave four on a daily time frame came to an end about we talked a lot in the past which means that more gains may follow now within higher degree wave five, currently within subwave three that might have started from 1.1712 now underway to 1.2. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
1
GE: Next buy points for counter-rallyGE Next Buy Points We never got a chance for a long down by the lows, but we did get the next one: the break above the small parallels channelling the tiny corrective move yesterday and Monday. It was a really good, painless/stress-free break too. So now, after GE filled a small gap (left on chart) it's coming back to support at 18.07 (tweaked by a couple of pips) and should hold up there and bounce again (low risk entry point with stops below 18.00 . If so, The next challenge should be at 18.46 (take profits) - we know that each of the last three pathetic rally attempts have all been 100 pips...which is exactly where 18.46 lies...then we only go long again once we can see 18.50 has been broken on upside, looking for 19.36 where look to close (just under here) and some may then wish to short with stops above. More as this develops. Better than Bitcoin today too! Old V new. Today the old won. There are some good trades here, between the lines - and so much less stressful than Bitcoin. For a quiet, steady calm trade GE wins hands down, no contest. Depends on your profile.
NYSE:GELong
by sumastardon
1
EURUSD Breaking Higher With ForceGood day traders! Hope everybody is doing great. Let's dig in. On the intra-day chart of EURUSD, we see price unfolding a strong bullish movement, which suggest an impulse to be in progress. We can see waves 1 and 2 completed, so current strong rally can be wave 3, that may see limited upside near the Fibonacci ratio of 61.8. That said, once wave 3 unfolds a new temporary pullback into wave 4 can follow. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
1
Okcash Huge PotentialAs we can see in the blue highlighted area's Okcash has already bottemed out and is ready to start a new rally. Highlighted in yellow we can see a fake breakout caused by rumours about Palm Beach Research Group endorsing Okcash. The volume during this fake breakout shows that this market is ready to make some big moves again just like in early september. Okcash is a coin that has seen an amazing uptrend past year and it does not look like it is going to stop now, all indicators confirm that Okcash is ready to resume this long term uptrend. Alongside all these technical reasons we also have some fundamental reasons to believe Okcash might be in for a nice increase in price, one of these reasons is Okcash's upcoming 3 year anniversary on November 24th, I can imagine they have great plans for this important date. For more information about this check out this article from one of Okcash's developers: medium.com Cryptocurrency marketing team Golden Smophy ( The company that was responsible for the rally to 20K sats past september ) has also announced to resume their work on Okcash. Link to their site: goldensmophy.com To add some fuel to the fire there have also been rumours about Okcash getting listed on poloniex, if these rumours turn out to be true we could see a bull run past it's previous all time high at 20K sats. Now is the time to fill our Okcash bags, thank me later ;)
Long
by TheAnalDisaster
4
Will EURUSD Break Lower or Continue Higher?Daily chart of EURUSD shows us a five-wave bullish impulse in the making. Current three-wave decline can be corrective wave 4, with temporary support coming in at Fibonacci ratio of 38.2 and the upper channel base line. If price breaks below this region, then our alternate, bearish count would be in play and we would expect more weakness. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
1
LTC to 70s and Beyond?Red circles show that the flags are nearly identical in shape. Before LTC rally to 69.8 we saw the same flag. We are sitting on the next ride up to complete the second smaller flag and then the smallest flag a total of three flags. That is what it looks like. If Bully BTC doesn't get in the way, here is the likely path. This trade will be valid if the trend continues. Close trade if LTC goes lower than 62. TARGET 1: 70-72 TARGET 2: 77-80 Retrace to upper 60s Happy Trading LTC fans.
COINBASE:LTCUSD
by CryptoFortune
2
DXY: Dollar bulls building pin bars ahead of next rallyDXY: Dollar Index DXY is up and down like Harvey Weinstein's pants. But those series of pin bars forming over the course of this week shows serious support for the dollar at 94.41. This whipsaw can persist a little longer and cause havoc with positions (as in Gold, and across the pairs) and it's why it helps to keep an eye on this chart if trading any pair against USD. DXY continues to unwind the overbought conditions of last week by moving sideways between 94.82 short term resistance and 94.41 short term support...but those pin bars are showing that ulimately the break will be to the upside. Intend to keep accumulating Dollar longs on each test of 94.41 and increase once 94.90 has been broken on next minor pull-back towards 94.80.
TVC:DXYLong
by sumastardon
DXY: Get ready for a strong Dollar rally Tuesday from 94DXY: Looks like DXY should come back down to 94.28 at least and to 94 at most on Tuesday (well it could spike a few pips lower to test the lower parallel at lowest) before it and all Dollar pairs bottom out and start what should become a very powerful bounce...so get ready to start to building Dollar long positions across all Dollar pairs Tuesday as close to 94 on DXY as possible. Stops just below the lower parallel. Good trading
TVC:DXYLong
by sumastardon
Elliott Wave Analysis: EURUSD UpdatePrice turned sharply higher in the last couple of trading sessions on EURUSD and breached nicely above the first swing high of wave iv) at 1.1777 level. We see current rally as an early evidence of a completed three-wave correction and a minimum three-wave recovery to be in progress. That said, once first wave i) finds a top a new temporary correction into the following wave ii) may come in play. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
1
BTCUSD Higher Highs & Higher LowsBITFINEX:BTCUSD BTC since the last bottom of the bear run that saw prices down to $2900, we've witnessed several rallies continuing along a macro positive trend. In the days since 15th September last month we can see a trend of higher highs and higher lows with a converging upper/lower boundary. There has also been a trend of decreasing volume throughout the past few weeks with a couple of upticks signalling interest followed by a downturn in volume. These factors coupled together collectively represent a rising wedge and this is known as a generally bearish trend that signals weakening bullish pressure as each rally point becomes smaller. At the time of writing this, our latest rally hit a level of $4960+ to revisit a resistance zone witnessed at the end of the Month of August. A subsequent breakdown in price could see the price drop back toward $4200 levels before a clean break and strong show of support above the $5000 mark. A shorting opportunity may present itself in that situation. That being said, there still seems to be significant strength in the market at the moment. On a macro level, the sentiment weighs more in favor of bullish exhaustion in play however the current market trend from a micro time-frame perspective is holding above the 50 MA which as many of you know and trade upon is representative of a trending bullish market. RSI is currently also displaying some sideways action with upward trend signals gathered from the MACD. Completion of bullish exhaustion will be evident in the MACD & RSI but the current sentiment displays some strength. In the event of a breakdown, we can rely on the fibonacci retracement level of 0.786. It should be noted that even with my sentiment being that of an impending breakdown before a clean break past the $5000 level these predictions are on a macro scale so a show of support above that level for a few days will confirm the breakout. The immediate trend is showing good support and will remain bullish until proven otherwise. Remember, the trend is your friend. If you are uncertain about opening a new position at the moment, whether long or short pay attention to and search for confirmation throughout a number of indicators before you make your decision. In summary: BTC is finding good support in the long term especially after the recent price corrections couldn't be more positive. A possible breakdown would most likely not make it past the 0.786 retracement level of $4200 & a breakout above $5000 would require a good show of support before any more long positions should be considered. On the macro level, the market is pushing upward and a break out of the rising wedge will see quick correction before price rallies back up above $5000. Investing and/or trading in digital assets like BTC is highly speculative and risks are involved due to a high market volatility difficulty level that doesn't favor new traders and new investors. The analysis expressed here is purely for informational purposes only and should not in any way be considered to be investment and/or trading advice.
BITFINEX:BTCUSD
by doomnometron
Elliott Wave Analysis: Gold Long And Short Term LookDaily view: Gold can be trading in a big, sideways price action known also as a triangle correction. A triangle correction is a complex pattern with five legs, with each leg having three more sub-waves. On the daily chart of Gold we see price now trading at the start of leg D) of this triangle pattern and can search for a base near the Fibonacci ratio of 61.8. 4h view: Gold can be trading in a bigger three-wave decline within a triangle as shown on the daily chart. We are talking about A-B-C waves; currently still in wave A that hit new low as expected after recent rally to 1313 proved to be corrective leg because of three subwaves. We labeled it as wave four so fifth wave is now here and can stop near 1270. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
OANDA:XAUUSD
by ew-forecast
5
LTC BIG DROP NOW. What does this mean?!BTC and LTC seem to be acting differently in terms of Volume. I believe BTC is too expensive and not attractive to buyers and sellers. LTC and even VTC seem to be taking over for now. LTC should reach in the thousands at this rate because of its attractive price points. The yellow arrows are pointing out a pattern in which history has repeated itself however the last weeks major decline let into a 30's low. This is a smaller sideways decline in which I believe is why we should be near the bottom at around 45. (for now) The Red Arrows are pointing to the short dips The Green arrows are pointing at the short rally If LTC gets into the 30s I will update the chart but at this moment I see the big dump of September 21, 2017 nearly over. I am a whale investor and I have been investing for a very long time. I have purchased at exactly 45.5 which I felt was a good place to purchase this. I see this rebounding a lot and it could be 60 until it comes a bit down again. This is short term so i'll have to calculate the next move. (Oh and please give me reputation points. I can't get into the public chat without 50. If you enjoyed this hit the thumbs up it will help me out a lot) Thank you and happy trading!
BITSTAMP:LTCUSD
by CryptoFortune
15